COMMUNITY BANK UNIVERSITY

Bank Compliance Center

In today’s banking environment as soon as one big new regulation is implemented another pops up. ICBA’s compliance training opportunities and exceptional resources, online and offline, will help your community bank stay informed and one step ahead of the regulators.

Recent Compliance News

CFPB announces plans to rethink QM rules

Feb 24, 2021 | NewsWatch Today Article
​The Consumer Financial Protection Bureau said it expects to propose a rule to delay its Qualified Mortgage rule’s July 1 mandatory compliance date.

Fed extends netting protections

Feb 19, 2021 | NewsWatch Today Article
The Federal Reserve Board issued a final rule to apply netting protections to a broader range of financial institutions.

Upcoming Compliance Training

FDICIA Seminar - Virtual 

The Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) was enacted in 1991 to implement regulatory changes that assist in ensuring safety and soundness of financial institutions.

Bankers should understand the requirements if their institution is approaching the $500 million or $1 billion thresholds considering crucial planning and realistic timelines. We’ll cover the key facts about FDICIA including auditing and enhanced reporting requirements as well as audit committee responsibilities.  

Next we’ll look at the steps to take in order to successfully implement FDICIA to satisfy audit and regulatory guidelines including: 

  • Monitoring and preparing for implementation 

  • Reviewing internal controls and devising an action plan 

  • Establishing key controls and determining a testing methodology  

  • Obtaining the necessary skills and resources for implementation 

  • Anticipating the costs and budgeting for FDICIA Compliance 

  • Engaging your audit committee in fraud prevention 

  • Determining the correct technology to assist with compliance.




Regulations and Guidance

Compliance Question of the Week

QUESTION: If a lender is required to force place flood insurance because the property was remapped into a special flood hazard area (SFHA), may the lender or its servicer charge the borrower as of the date the lender receives notice of the remapping?

ANSWER:

The agencies’ regulations provide that a lender or its servicer may charge the borrower for the cost of premiums and fees incurred for coverage beginning on the date on which flood insurance coverage lapsed or did not provide sufficient coverage. When a lender or its servicer receives notice of a property being remapped into an SFHA, the effective date of the remapping change is the date the property has insufficient coverage. Therefore, along with sending the appropriate notice to the borrower to purchase adequate flood insurance, the lender or its servicer can force place flood insurance beginning on the effective date provided in the date of notice of remapping and, also as of that day, charge the borrower for the force-placed insurance provided force-placed insurance is in place. However, if the borrower purchases an adequate flood insurance policy, the lender or its servicer would need to reimburse the borrower for premiums and fees charged for the force-placed coverage during any period of overlapping coverage.

 Reference: Interagency Flood Insurance Regulation Update Webinar: Q&As, 2015, Q14.

 

Compliance Vault

The ICBA Compliance Vault is now available as a member benefit to all ICBA members.

The Compliance Vault is a reliable search tool that helps you find answers to your regulatory compliance questions, with access to over 2,500 Q&As, select online courses, and documents.

Learn more & open the vault

Compliance Resources

Online Training

Online Training Plans - CBU

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Community Banker University offers a variety of online training options with courses that build knowledge and a strong foundation within key areas of the banking industry and professional development.

Prices vary by plan, check the plan comparison chart for more information!

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Online Training

Compliance Certificate Program

Online Certificates

The courses in the Community Banker Compliance Certificate Program are designed to give community bankers the knowledge and skills they need to become experts in regulatory compliance. The certificate program consists of four critical learning areas.

$499 / ICBA Members

$1,499 / Non-Members

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Subscription

Compliance Working Papers

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One of the three elements of an effective compliance program is monitoring and corrective action. These compliance working papers are essential for monitoring your financial institution’s compliance with federal consumer compliance laws and regulations.

Initial Price
ICBA Member: $599
Nonmember: $799

Annual Digital Renewal
ICBA Member: $299
Nonmember: $399

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Subscription

Compliance Deskbook and Bulletin Service

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The ICBA Compliance Deskbook is the industry’s premier resource for compliance information. Access regulations, important dates, agency guidance, questionnaires, and other resources in one place.

Initial Price
ICBA Member: $399
Nonmember: $549

Annual Digital Renewal
ICBA Member: $249
Nonmember: $349

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Digital

Bank Policies

Policy Products
Alleviate the tedious task of developing bank policies from scratch. These policies provide a quick reference with thorough, easy-to-read instructions to guide your bank through the policy development or revision process.
Click Learn More for Individual Pricing

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Subscription

Bank Compliance Checkup Program

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The Bank Compliance Checkup Program provides a comprehensive system for on-going monitoring of your bank’s compliance with Deposit, Lending, Administrative and IT/Tech/Security regulations.

Initial Price:
ICBA Member: $395
Nonmember: $595

Annual Digital Renewal:
ICBA Member: $199
Nonmember: $399

Learn More